Hyperfine, Inc. (HYPR): Nasdaq/NYSE listing notice — Hyperfine receives Nasdaq deficiency notice for bid price below $1.00

Hyperfine, Inc.

Nasdaq notified Hyperfine on Dec 6, 2022 that its bid price was below $1.00 for 30 straight days.
Company has 180 days, until June 5, 2023, to regain compliance by closing at $1.00+ for 10 consecutive days.
If not cured, Hyperfine may transfer to Nasdaq Capital Market for an additional 180-day cure period.
Failure to comply risks delisting; company may appeal but no guarantee of success.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Hyperfine, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

December 6, 2022, Hyperfine, Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), has fallen below $1.00 per share for 30 consecutive business days, the Company no longer meets the minimum bid price requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). This Noti

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Hyperfine, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-026302

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